Question: A company's production function is y = x1 . x2 1- and 0 0 and factor input 2 costs w2 > 0. The company wants

 A company's production function is y = x1 . x2 1-"

A company's production function is y = x1 . x2 1-" and 0 0 and factor input 2 costs w2 > 0. The company wants to minimize its production costs when the production is y > 0 entities of output 1. What is the input demand function for x, and x2 as a function of w1, w2 and y. In other words, how much of input x1 and x2 would the company demand when it faces input prices w, and w2 and wishes to produce y entities. Call These for xi (w1, w2, y) and x2 (w1, W2, y)

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